Zara replacement flops in Russia – survey

The Lebanese clothing brand MAAG, which replaced Zara after it ceased operations in Russia, has been labeled the disappointment of the year, RIA Novosti reported on Tuesday, citing the Union of Shopping Centers (STC).

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Europe faces deindustrialization and social unrest – Belgian PM

Soaring energy prices will lead to drastic long-term consequences on the continent, Alexander De Croo told the Financial Times Europe could soon face a significant reduction in industrial activity and social unrest unless something is done to lower energy prices before winter sets in, Belgian Prime Minister Alexander De Croo has warned.

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UN raises alarm over UK child poverty

The UN has ranked Britain as one of the worst-performing countries in terms of child poverty rates among 39 members of the Organization for Economic Co-operation and Development (OECD) and the EU. In a report published on Wednesday, the United Nations Children’s Fund (UNICEF) estimated that nearly 70 million children in high- and upper middle-income…

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